---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-089992"
form_type: "8-K"
ticker: "QCRH"
cik: "0000906465"
company_name: "QCR HOLDINGS INC"
filed_at: "2025-09-15T23:59:59+00:00"
generated_at: "2026-05-17T06:42:21.968983+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# QCR Holdings closes $70M subordinated note offering to refinance existing debt

## Summary
- Issued $50M of 6.875% Fixed-to-Floating Notes due 2035 and $20M of 7.225% Notes due 2037.
- Proceeds used to redeem $50M of 5.125% Notes due 2030 and $20M of 5.25% Notes due 2030.
- New notes qualify as Tier 2 capital; fixed rates switch to SOFR+350 bps and SOFR+375 bps after 5 and 7 years.
- CEO Todd Gipple highlighted blended coupon below 7% as competitive; private placement with a local company.
- No equity dilution; notes are unsecured, subordinated obligations with limited acceleration triggers.

## SEC filing metadata
- accession: 0001104659-25-089992
- form_type: 8-K
- ticker: QCRH
- cik: 0000906465
- company_name: QCR HOLDINGS INC
- filed_at: 2025-09-15T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/906465/000110465925089992/0001104659-25-089992-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/906465/000110465925089992/tm2525783d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-089992
- JSON: https://secwatch.observer/filing/0001104659-25-089992.json
- Plain text: https://secwatch.observer/filing/0001104659-25-089992.txt

## Key facts
- Debt Financings
  QCR HOLDINGS INC incurred senior notes of $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 and $20 milli with a certain qualified institutional buyer at 6.875% per year fixed for 2035 Notes; 7.225% per year fixed for 2037 Notes maturing 2035 Notes mature September 15, 2035; 2037 Notes mature September 15, 2037.
  - Instrument: senior notes
  - Principal: $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 and $20 milli
  - Counterparty: a certain qualified institutional buyer
  - Rate: 6.875% per year fixed for 2035 Notes; 7.225% per year fixed for 2037 Notes
  - Maturity: 2035 Notes mature September 15, 2035; 2037 Notes mature September 15, 2037
  - Event: incurrence
  source text: On September 15, 2025, QCR Holdings, Inc. (the “ Company ”) entered into a Subordinated Note Purchase Agreement (the “ Purchase Agreement ”) with a certain qualified institutional buyer (the “ Purchaser ”) pursuant to which the Company sold and issued: (i) $50 million in aggregate principal amount of its 6.875% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “ 2035 Notes ”), and (ii) $20 million in aggregate principal amount of its 7.225% Fixed-to-Floating Rate Subordinated Notes due 2037 (the “ 2037 Notes ” and, together with the 2035 Notes, the “ Notes ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/906465/000110465925089992/0001104659-25-089992-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.